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Alphatec Holdings, Inc.（ATEC）与Regency Centers（REG）财务数据对比。点击上方公司名可切换其他公司
Regency Centers的季度营收约是Alphatec Holdings, Inc.的1.9倍（$404.2M vs $212.9M），Regency Centers净利率更高（50.1% vs -10.2%，领先60.3%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 8.5%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 5.4%）
Alphatec Holdings是一家全球医疗科技企业，专注于研发、生产及销售脊柱外科手术相关的植入物、手术器械与数字化手术平台，服务骨科及神经外科医疗从业者，核心市场覆盖北美、欧洲及亚太主要区域。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
ATEC vs REG — 直观对比
营收规模更大
REG
是对方的1.9倍
$212.9M
营收增速更快
ATEC
高出11.9%
8.5%
净利率更高
REG
高出60.3%
-10.2%
两年增速更快
ATEC
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $404.2M |
| 净利润 | $-21.7M | $202.5M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | 71.0% |
| 净利率 | -10.2% | 50.1% |
| 营收同比 | 20.4% | 8.5% |
| 净利润同比 | 34.8% | 134.1% |
| 每股收益（稀释后） | $-0.15 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ATECREG
| Q4 25 | $212.9M | $404.2M | ||
| Q3 25 | $196.5M | $387.6M | ||
| Q2 25 | $185.5M | $380.8M | ||
| Q1 25 | $169.2M | $380.9M | ||
| Q4 24 | $176.8M | $372.5M | ||
| Q3 24 | $150.7M | $360.3M | ||
| Q2 24 | $145.6M | $357.3M | ||
| Q1 24 | $138.5M | $363.9M |
净利润ATECREG
| Q4 25 | $-21.7M | $202.5M | ||
| Q3 25 | $-28.6M | $109.4M | ||
| Q2 25 | $-41.1M | $106.0M | ||
| Q1 25 | $-51.9M | $109.6M | ||
| Q4 24 | $-33.3M | $86.5M | ||
| Q3 24 | $-39.6M | $101.5M | ||
| Q2 24 | $-40.7M | $102.7M | ||
| Q1 24 | $-48.5M | $109.8M |
毛利率ATECREG
| Q4 25 | 70.2% | — | ||
| Q3 25 | 69.9% | — | ||
| Q2 25 | 69.6% | — | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 68.8% | — | ||
| Q3 24 | 68.2% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 70.3% | — |
营业利润率ATECREG
| Q4 25 | -4.1% | 71.0% | ||
| Q3 25 | -8.1% | 72.7% | ||
| Q2 25 | -7.1% | 73.8% | ||
| Q1 25 | -26.2% | 71.8% | ||
| Q4 24 | -13.5% | 71.1% | ||
| Q3 24 | -22.4% | 72.5% | ||
| Q2 24 | -24.3% | 72.3% | ||
| Q1 24 | -31.3% | 72.3% |
净利率ATECREG
| Q4 25 | -10.2% | 50.1% | ||
| Q3 25 | -14.5% | 28.2% | ||
| Q2 25 | -22.2% | 27.8% | ||
| Q1 25 | -30.7% | 28.8% | ||
| Q4 24 | -18.9% | 23.2% | ||
| Q3 24 | -26.3% | 28.2% | ||
| Q2 24 | -27.9% | 28.7% | ||
| Q1 24 | -35.0% | 30.2% |
每股收益（稀释后）ATECREG
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.27 | — | ||
| Q1 25 | $-0.35 | — | ||
| Q4 24 | $-0.22 | — | ||
| Q3 24 | $-0.28 | — | ||
| Q2 24 | $-0.29 | — | ||
| Q1 24 | $-0.34 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $160.8M | — |
| 总债务越低越好 | $565.9M | $4.7B |
| 股东权益账面价值 | $12.4M | $6.9B |
| 总资产 | $791.2M | $13.0B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资ATECREG
| Q4 25 | $160.8M | — | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $157.1M | — | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $138.8M | — | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $99.8M | — | ||
| Q1 24 | $144.1M | — |
总债务ATECREG
| Q4 25 | $565.9M | $4.7B | ||
| Q3 25 | $559.7M | $4.9B | ||
| Q2 25 | $553.9M | $4.8B | ||
| Q1 25 | $548.4M | $4.6B | ||
| Q4 24 | $576.2M | $4.4B | ||
| Q3 24 | $527.7M | $4.4B | ||
| Q2 24 | $519.2M | $4.4B | ||
| Q1 24 | $514.4M | $4.4B |
股东权益ATECREG
| Q4 25 | $12.4M | $6.9B | ||
| Q3 25 | $11.5M | $6.8B | ||
| Q2 25 | $23.8M | $6.7B | ||
| Q1 25 | $-85.9M | $6.7B | ||
| Q4 24 | $-14.2M | $6.7B | ||
| Q3 24 | $-1.4M | $6.8B | ||
| Q2 24 | $17.1M | $6.8B | ||
| Q1 24 | $37.6M | $7.0B |
总资产ATECREG
| Q4 25 | $791.2M | $13.0B | ||
| Q3 25 | $787.2M | $13.1B | ||
| Q2 25 | $790.3M | $12.7B | ||
| Q1 25 | $785.5M | $12.6B | ||
| Q4 24 | $775.7M | $12.4B | ||
| Q3 24 | $745.9M | $12.4B | ||
| Q2 24 | $768.6M | $12.4B | ||
| Q1 24 | $774.6M | $12.7B |
负债/权益比ATECREG
| Q4 25 | 45.54× | 0.69× | ||
| Q3 25 | 48.64× | 0.72× | ||
| Q2 25 | 23.30× | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | 30.34× | 0.64× | ||
| Q1 24 | 13.70× | 0.63× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $20.7M | $203.9M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | — |
| 自由现金流率自由现金流/营收 | 3.6% | — |
| 资本支出强度资本支出/营收 | 6.1% | — |
| 现金转化率经营现金流/净利润 | — | 1.01× |
| 过去12个月自由现金流最近4个季度 | $2.8M | — |
8季度趋势，按日历期对齐
经营现金流ATECREG
| Q4 25 | $20.7M | $203.9M | ||
| Q3 25 | $14.0M | $218.7M | ||
| Q2 25 | $15.5M | $244.0M | ||
| Q1 25 | $-5.0M | $161.0M | ||
| Q4 24 | $10.5M | $191.4M | ||
| Q3 24 | $-5.3M | $227.6M | ||
| Q2 24 | $-11.4M | $203.5M | ||
| Q1 24 | $-38.4M | $167.8M |
自由现金流ATECREG
| Q4 25 | $7.7M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $-21.2M | — | ||
| Q2 24 | $-45.5M | — | ||
| Q1 24 | $-69.8M | — |
自由现金流率ATECREG
| Q4 25 | 3.6% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -14.1% | — | ||
| Q2 24 | -31.3% | — | ||
| Q1 24 | -50.4% | — |
资本支出强度ATECREG
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 22.6% | — |
现金转化率ATECREG
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | — | 2.30× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | — | 2.24× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 1.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ATEC
暂无分部数据
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
